Nouriel Roubini: What do higher bond yields augur for global stock markets and economic growth?
· livemint.com
The common view is that an upshoot in yields is bad news. However, of the various factors driving these up, investment in artificial intelligence (AI) is a big driver in the US. This isn’t so in other economies lumped with wide fiscal deficits and enlarged debt burdens.
This last factor has been a major driver of bond yields and stock markets for the last few years. Since the launch of ChatGPT in 2022, bond yields have gone hig...